San Leandro Multifamily Investment
225 Chumalia St San Leandro, CA 94577
225 Chumalia St, San Leandro, CA, 94577
Contact for pricing
For Sale
Contact for pricing
Pending
Two contiguous 7-unit buildings near transportation and employment hubs.
Property Size9,252 SF
Days on Market117
Property Features for 225 Chumalia St
General Information
- Standard status
- Pending
- Size
- 9,252 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1959
Listing Agency
Colliers - San Francisco, California
Listed by
Matthew Flaherty · License #CA
Source
Crexi
Added: Mar 24 Checked: Jul 17 at 10:34 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - San Francisco, California
Investment Insights
Based on property information with market context.
Located in the Old San Leandro neighborhood, 225 & 243 Chumalia Street consist of two contiguous, individually parceled 7-unit buildings, totaling 14 units. The property benefits from commuter connectivity, with access to multiple bus lines, major transportation corridors, and the San Leandro BART station less than half a mile away, providing access to the greater Bay Area. The location is within a dense concentration of high-growth industries, including healthcare, innovation infrastructure, and life sciences. The property offers cash flow and potential rental upside through unit turnover. San Leandro has adopted Ordinance No. 2026-001, capping annual increases at the lesser of 3% or 65% of CPI effective January 1, 2027. The property provides a combination of cash flow with a path to long-term appreciation, reinforced by market fundamentals and tenant demand. The property size is 9252 square feet.
Key Highlights
- Strong in‑place cash flow with over 19% potential rental upside.
- Excellent commuter connectivity: close to bus lines, major transportation, and San Leandro BART (less than 0.5 miles).
- Located in the heart of the Old San Leandro neighborhood.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.7k | $27.96 |
| − Vacancy | −$15.0k | −$1.62 |
| EGI | $243.7k | $26.34 |
| − OpEx | −$109.7k | −$11.85 |
| NOI | $134.0k | $14.49 |
9,252 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.68M – $2.23M
NOI $134,025 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$42.18M
$36.91M – $49.21M
NOI $2,952,558 @ 7.0% cap · market cap 92.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Two contiguous 7-unit buildings near transportation and employment hubs.
Where is this apartment building located?
The property is located at 225 Chumalia St San Leandro, CA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Strong in‑place cash flow with over 19% potential rental upside.; Excellent commuter connectivity: close to bus lines, major transportation, and San Leandro BART (less than 0.5 miles).; Located in the heart of the Old San Leandro neighborhood.
